Tag Archives | Ray White

3 apartments sell at Ray White auction

3 of the 5 apartments auctioned at Ray White City Apartments today were sold under the hammer. One was a penthouse on Anzac Avenue (pictured), another was a leasehold unit in Lighter Quay and the third was one of 2 studios in the Bankside Apartments at the top of Shortland St.

CBD

Learning Quarter

Avenue 105, 105 Anzac Avenue, unit 4C:
Features: 97m², penthouse-level 2 bedrooms, 2 bathrooms, secure covered parking space
Outgoings: rates $1988/year including gst; body corp levy $6442/year
Income assessment: $600/week unfurnished, fixed until November, appraisal $700-750/week furnished
Outcome: sold for $705,000
Agents: Mitch Agnew & Ryan Bridgman

Bankside Apartments, 8 Bankside St, unit 7D:
Features: 30m² studio with partitioned bedroom, balcony
Outgoings: rates $1075/year including gst; body corp levy $4665/year
Income assessment: $450/week
Outcome: sold for $315,000
Agent: Ann Bennett

Bankside Apartments, 8 Bankside St, unit 6D:
Features: 30m² studio with partitioned bedroom, balcony
Outgoings: rates $1075/year including gst; body corp levy $4469/year
Income assessment: $450/week
Outcome: passed in at $285,000
Agent: Ann Bennett

The Quadrant, 10 Waterloo Quadrant, unit 1918:
Features: 32m², furnished one bedroom
Outgoings: rates $1211/year including gst; body corp levy $4013/year
Income assessment: out of hotel pool, $430-460/week furnished
Outcome: passed in at $380,000
Agents: May Ma & Mark Li

Wynyard Quarter

Lighter Quay, 75 Halsey St, unit 303:
Features: leasehold 45m², furnished one bedroom, secure parking space
Outgoings: rates $1481/year including gst; body corp levy $6712/year including $3254/year ground rent
Income assessment: $550/week
Outcome: sold for $202,000
Agent: Liz McCarthy

Attribution: Auction.

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Updated: 2 more sold; apartment sales take hefty discounting

Published & updated 19 May 2017
Update: 2 more apartments were sold shortly after yesterday’s auction at Ray White City Apartments, taking sales to 5 out of 7. The post-auction sales were at HarbourCity & The Wakefield, details below.

Under the hammer

3 apartments were sold under the hammer out of 7 auctioned at Ray White City Apartments yesterday, but the road to a sale demonstrated the slide in pricing in Auckland’s residential markets.

A unit in the Aura on Cook St was knocked down after the vendor’s bottom price was revealed, followed by a long pause before it was taken up.

That was followed by the sale of leasehold units in Q City at the top of Queen St and Scene 3 in Quay Park. The unit in Q City (pictured) went for $13,000 under the declared reserve.

2 small units in Winsun Heights – real shoeboxes – were passed in.

Updated details:

CBD

Commerce/Gore

Updated: HarbourCity, 16 Gore St, unit 37A:
Features: 38m², one bedroom
Outgoings: rates $3077/year including gst; body corp levy $2479/year (excluding water & gas); $5099 levy for remediation investigation & legal fees, of which first instalment $1283 paid
Income assessment: $430-460/week furnished
Outcome: passed in at $300,000, sold shortly after the auction for $315,000
Agents: May Ma & Mark Li

Learning Quarter

Updated: Wakefield, 18 Wakefield St, unit 2C:
Features: 98m² including 4m² deck, 2 bedrooms, 2 bathrooms, parking space, renovations completed
Outgoings: rates $1671/year including gst; body corp levy $4012/year
Outcome: passed in at $750,000, shortly after the auction for $805,000
Agent: Dominic Worthington

Quay Park

Scene 3, 30 Beach Rd, unit 1408:
Features: leasehold, 77m², one bedroom, study, parking space
Outgoings: rates $1810/year including gst; body corp levy $5496/year, ground rent $11,867/year
Outcome: sold for $151,000
Agent: Andrew Bond

Uptown

Q City, 15 City Rd, unit 10H:
Features: leasehold, 40m², fully furnished one bedroom, balcony
Outgoings: rates $1050/year including gst; body corp levy $3985/year, ground rent $5642/year
Income assessment: $450-480/week furnished
Outcome: declared reserve $99,000, sold for $86,000
Agent: Liz McCarthy

Winsun Heights, 113 Vincent St, unit 12A:
Features: 17m² top-floor studio
Outgoings: rates $1008/year including gst; body corp levy $2774/year
Income assessment: $280/week current, appraised estimate $350/week
Outcome: passed in at $125,000
Agent: Ann Bennett

Winsun Heights, 113 Vincent St, unit 12B:
Features: 14m² top-floor studio
Outgoings: rates $996/year including gst; body corp levy $2774/year
Income assessment: $280/week current, appraised estimate $320/week
Outcome: passed in at $130,000
Agent: Ann Bennett

Victoria Quarter

Aura, 53 Cook St, unit 713:
Features: 49m², refurbished 2 bedrooms, parking space
Outgoings: rates $1287/year including gst; body corp levy $4949/year
Income assessment: $560-600/week furnished
Outcome: sold for $440,000
Agents: Ron Yang, Damian Piggin & Daniel Horrobin

Attribution: Auction.

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Siena Terraces & Nova en Scotia apartments sell

2 apartments were sold and 3 passed in at Ray White City Apartments’ auction today.

The sales were at Siena Terraces in Grey Lynn (pictured) and Nova en Scotia, overlooking Myers Park in the central city.

CBD

Learning Quarter

Argent Hall, 2 Eden Crescent, unit 7B:
Features: 48m², one bedroom, basement storage locker
Outgoings: rates $1215/year including gst; body corp levy $4544/year
Income assessment: $480-500/week furnished
Outcome: passed in at $400,000
Agents: Judi & Michelle Yurak

The Crescent, 7 Eden Crescent, unit 201:
Features: 59m², refurbished 2 bedrooms, parking space
Outgoings: rates $1496/year including gst, parking $127/year; body corp levy $6879/year, parking $1166/year
Income assessment: $600-650/week furnished
Outcome: passed in at $540,000
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

Uptown

Nova en Scotia, 18 Scotia Place, unit 10E:
Features: 44m², one bedroom, furniture package available, secure covered parking space
Outgoings: rates $1468/year including gst; body corp levy $4953/year
Income assessment: $580-600/week furnished
Outcome: sold for $495,000
Agents: Mitch Agnew & Ryan Bridgman

Isthmus west

Grey Lynn

Siena Terraces, 6 Burgoyne St, unit 3K:
Features: 55m², one bedroom, balcony, tandem parking
Outgoings: rates $1169/year including gst; body corp levy $3712/year
Income assessment: $580-650/week
Outcome: sold for $462,000
Agents: Liam Kyle

One on Ophir, 1 Ophir St, unit 3B:
Features: 70m², unfurnished 2 bedrooms, 2 bathrooms, deck, secure parking space
Outgoings: rates $1524/year including gst; body corp levy $4520/year
Income assessment: $600-650/week furnished
Outcome: passed in at $625,000
Agents: Ryan Bridgman & Mitch Agnew

Attribution: Auction.

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4 apartments sell at Ray White auction

4 of the 5 apartments auctioned at Ray White City Apartments today were sold under the hammer, starting with a one-bedroom unit in the leasehold Docks on Quay St (pictured), where the bidding climbed in $1000 & $2000 raises for $28,000 before the hammer fell.

In a contrast of approaches in a market which is hard to read, auctioneer Ted Ingram said one vendor had dropped their asking price considerably to get a sale, whereas the owner of the Aura unit that was passed in had held out for a figure well above the last bid.

CBD

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1710:
Features: 41m², 2 bedrooms, balcony
Outgoings: rates $1427/year including gst; body corp levy $5213/year
Income assessment: $580-600/week
Outcome: sold for $445,000
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

Quay Park

The Docks, 4 Dockside Lane, unit 220:
Features: leasehold, fully furnished 33m², one bedroom, parking space
Outgoings: rates $1164/year including gst; body corp levy $6216/year including $2388/year ground rent; the body corporate has begun legal proceedings against Auckland Council over building defects
Income assessment: $430/week current, appraisal $480-500/week furnished
Outcome: sold for $148,000
Agents: May Ma & Mark Li

Queen St

Portland Tower, 62 Queen St, unit 4C:
Features: 37m², one bedroom, balcony
Outgoings: rates $1126/year including gst; body corp levy $5362/year
Income assessment: $460-480/week furnished
Outcome: sold for $423,000
Agents: Ron Yang, Damian Piggin & Daniel Horrobin

Victoria Quarter

Aura, 53 Cook St, unit 1304:
Features: 49m², 2 bedrooms, balcony
Outgoings: rates $1253/year including gst; body corp levy $5370/year
Income assessment: $460/week current
Outcome: passed in at $390,000
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

Altitude, 34 Kingston St, unit 3E:
Features: 40m², 2 bedrooms
Outgoings: rates $1050/year including gst; body corp levy $3553/year
Income assessment: $400/week
Outcome: sold for $315,000
Agents: Ron Yang, Damian Piggin & Daniel Horrobin

Isthmus west

Grey Lynn

Siena Terraces, 6 Burgoyne St, unit 1S:
Features: one bedroom, 2 parking spaces
Outcome: withdrawn from auction
Agent: Judi Yurak

Attribution: Auction.

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Buyers baulk at Spencer price as remediation awaited

3 apartments were sold at Ray White City Apartments’ auction today but investors baulked at the asking price on a unit in the Spencer on Byron in Takapuna (pictured), where a remediation settlement has been reached but remedial works haven’t begun.

The owner was prepared to accept $470,000, but bidding stopped $40,000 short.

CBD

Hobson St

H47, 47 Hobson St, unit 1209:
Features: 80m², 2 bedrooms, storage locker, parking space
Outgoings: rates $1760/year including gst; body corp levy $6091/year
Income assessment: $750-800/week furnished
Outcome: sold for $666,000
Agents: May Ma & Mark Li

Altitude, 34 Kingston St, unit 9A (corner of Hobson St):
Features: 37m², 2 bedrooms
Outgoings: rates $1126/year including gst; body corp levy $3917/year
Income assessment: $440-460/week
Outcome: sold for $373,000
Agents: Victor Liu

Isthmus west

Grey Lynn

Mediterranean, 10 Crummer Rd, unit 1G:
Features: 55m², 2 bedrooms, parking space
Outgoings: rates $1245/year including gst; body corp levy $2885/year
Income assessment: $/week
Outcome: sold for $351,000
Agents: Susanne Bussell

North-east

Takapuna

Spencer on Byron, 9-17 Byron Avenue, unit 209:
Features: 50m², one bedroom, parking space
Outgoings: rates $1144/year including gst; body corp levy $3218/year; vendor to pay $10,000 special remediation levy and unit to be sold on “as is where is” basis; this unit’s share of remedial settlement funds $66,701.94
Income assessment: $570/week current
Outcome: passed in at $430,000
Agents: James Mairs & Gillian Gibson

Attribution: Auction.

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Updated: 3 of 6 sell at Ray White auction

Published 13 April 2017, updated 15 April 2017:
The first 4 properties auctioned at Ray White City Apartments on Thursday – 3 apartments & a Glen Innes section – were passed in, but one was sold and another close to being sold through multi-offers by the end of the auction. The remaining 2 apartments were sold under the hammer.

The first unit on the auction list, a large 2-bedroom apartment on Wakefield St (pictured above), was sold shortly after the auction for $780,000.

The Glen Innes property is in a street of old houses which have steadily been demolished to make for new housing.

CBD

CBD east

The Beach, 85 Beach Rd, unit 510:
Features: 35m² furnished studio,
Outgoings: rates $1177/year including gst; body corp levy $2346/year
Income assessment: $385/week current
Outcome: passed in at $307,000
Agent: Dominic Worthington

Learning Quarter

The Crescent, 26 Eden Crescent, unit 1101:
Features: 38m², 2 bedrooms, 2 bathrooms, balcony
Outgoings: rates $1202/year including gst; body corp levy $4248/year
Income assessment: $480-500/week furnished
Outcome: sold for $416,500
Agents: May Ma & Mark Li

Silo, 23 Emily Place, unit 5J:
Features: 22m² studio, parking space
Outgoings: rates $999/year including gst for the unit, $152/year for the parking; body corp levy $3037/year for the unit, $829/year for the parking
Income assessment: $400/week current
Outcome: passed in at $355,000
Agents: Ryan Bridgman, Mitch Agnew, Damian Piggin & Daniel Horrobin

Updated: 18 Wakefield St, unit 8L:
Features: 92m², 2 bedrooms, parking space
Outgoings: rates $1861/year including gst; body corp levy $4649/year
Outcome: passed in at $750,000, sold after a multi-offer process for $780,000
Agents: Tanya Kwasza & Marie Graham

Uptown

Winsun Heights, 113 Vincent St, unit 6F:
Features: 30m², fully furnished 2 bedrooms, balcony
Outgoings: rates $1148/year including gst; body corp levy $4368/year
Income assessment: $400/week current
Outcome: sold for $282,000
Agent: Victor Liu

Isthmus east

Glen Innes

Kestrel Place, Glen Innes, empty lots seen from No 10.

10 Kestrel Place:
Features: 799m² section, 90m² house, 3 bedrooms, in a street where old houses are making way for new
Outgoings: rates $1982/year including gst
Outcome: passed in at $810,000
Agent: Tim Warmington

Attribution: Auction.

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Grafton townhouse & remediated apartment popular with bidders

A Grafton townhouse sold for $1.3 million and a remediated Normanby Mews apartment, on the city side of Mt Eden, proved popular with buyers at Ray White City Apartments’ auction today.

They were among 5 sales out of 7 units in the auction.

CBD

Federal St

The Federal, 18 Federal St, unit 5F:
Features: 49m², one bedroom
Outgoings: rates $1139/year including gst; body corp levy $3132/year
Income assessment: $480-520/week
Outcome: passed in after bid at $410,000, vendor bid at $440,000
Agents: Krister Samuel & Judi Yurak

Learning Quarter

The Cambridge, 43 Anzac Avenue, unit 505:
Features: 18m² furnished studio
Outgoings: rates $1116/year including gst; body corp levy $5097/year
Income assessment: $320-350/week
Outcome: sold for $153,000
Agents: Judi & Michelle Yurak

Eden Apartments, 32 Eden Crescent, unit 14C:
Features: 32m², one bedroom at penthouse level, balcony, parking space
Outgoings: rates $1468/year including gst; body corp levy $3829/year
Income assessment: $480-520/week furnished
Outcome: sold for $462,000
Agents: Damian Piggin & Daniel Horrobin

96 on Symonds, 96 Symonds St, unit 903:
Features: 36m², 2 bedrooms
Outgoings: rates $1164/year including gst; body corp levy $4334/year
Income assessment: $490/week under long-term management lease
Outcome: passed in at $180,000
Agent: James Mairs

Uptown

Quest Auckland, 363 Queen St, unit 14B:
Features: 32m² furnished studio, balcony, out of hotel lease
Outgoings: rates $2233/year including gst; body corp levy $3404/year
Income assessment: $380-400/week furnished
Outcome: sold for $293,000
Agent: Leo Zhu

Isthmus east

Grafton

Grafton Ridge, 6K Carlton Gore Rd:
Features: 170m², 3-bedroom townhouse on 3 floors, 2 bathrooms, balconies, tandem parking spaces
Outgoings: rates $2768/year including gst; body corp levy $2773/year
Income assessment: $970-990/week furnished
Outcome: sold for $1.309 million
Agent: Krister Samuel

Isthmus west

Mt Eden

Normanby Mews, 22 Normanby Rd, unit 3:
Features: 51m², 2 bedrooms, decks, tandem parking, remediation completed
Outgoings: rates $1590/year including gst; body corp levy $2917/year, $5659 stairwell passive fire works levy, $23,618 final remediation levy; outstanding levies & arrears total $185,236.28, which must be paid by the buyer on top of purchase price
Income assessment: $550-600/week furnished
Outcome: sold on behalf of the Official Assignee for $430,000 + $185,236.28 outstanding levies, for total purchase price of $615,236.28
Agent: Krister Samuel

Attribution: Auction.

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Avoka & Scene 3 apartments sell despite their problems

Both apartments auctioned at Ray White City Apartments today had issues, but both sold under the hammer, thought it took some coaxing.

First up, a unit in Scene 3 with a parking space was leasehold, which has affected both market interest & pricing for several years. The second apartment is in the Avoka building, just off Karangahape Rd, where the body corporate has begun a remediation project.

CBD

Quay Park

Scene 3, 30 Beach Rd, unit 1007:
Features: leasehold, 45m², one bedroom, parking space
Outgoings: rates $1405/year including gst; body corp levy $4056/year, ground rent $8759/year
Income assessment: $490-550/week
Outcome: sold for $130,000
Agent: James Mairs

Uptown

Avoka, 31 Day St, unit 3F:
Features: 49m², one bedroom, 2 balconies; the body corporate has begun a remediation project
Outgoings: rates $1075/year including gst; body corp levy $4430/year
Outcome: sold for $175,000
Agent: James Mairs

Attribution: Auction.

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7 apartments sell at Ray White auction

7 apartments were sold at Ray White City Apartments’ auction yesterday out of 9 on offer, including one of 2 leasehold units at The Docks and another Quay Park leasehold at The Landings.

On the North Shore, 2 units in the Spencer on Byron (pictured) and one in the nearby Shoalhaven were sold.

An unusual moment for the city apartment office was a plus-$1 million sale for a large unit in H47, although once the size (116m²) & 2 parking spaces are taken into account, the square metre rate would come down to $7300/m² internal.

CBD

Quay Park

The Docks, 8 Dockside Lane, unit 154:
Features: leasehold, 30m², one bedroom, patio
Outgoings: rates $708/year including gst; body corp levy $4581/year including $1760/year ground rent, next ground rent review November 2018
Income assessment: $350/week current
Outcome: sold for $112,000
Agent: Dominic Worthington

The Docks, 6 Dockside Lane, unit 520:
Features: leasehold, 60m², 2 bedrooms, parking space
Outgoings: rates $1671/year including gst; body corp levy $11,967/year including $4598/year ground rent, next ground rent review November 2018
Income assessment: $600/week current
Outcome: no bid
Agents: Dominic Worthington & Ady Huang

The Landings, 10 Ronayne St, unit 211:
Features: leasehold, 61m², 2 bedrooms, 2 bathrooms, secure covered parking space, storage locker
Outgoings: rates $1037/year including gst; body corp operational levy $2972/year, ground levy $2488/year
Income assessment: $450/week current until October
Outcome: sold for $135,000
Agents: James Mairs & Dominic Worthington

Victoria Quarter

H47, 47 Hobson St, unit 1107:
Features: 116m², 2 bedrooms, 2 bathrooms, balcony, 2 parking spaces, storage locker
Outgoings: rates $2596/year including gst; body corp levy $9235/year after 10% discount
Income assessment: $770/week current for apartment + one parking space fixed until 15 May, appraisal $850-900/week furnished
Outcome: sold for $1.007 million
Agents: May Ma & Mark Li

Zest, 72 Nelson St, unit 113:
Features: 37m², fully furnished 2 bedrooms,
Outgoings: rates $1126/year including gst; body corp levy $3477/year after 10% discount
Income assessment: $430-450/week
Outcome: sold for $326,000
Agent: Victor Liu

Isthmus west

Newton

2H Diamond St:
Features: 61m², fully furnished 2 bedrooms with new furniture package, 2 parking spaces
Outgoings: rates $1628/year including gst; body corp levy $1905/year
Income assessment: $600-650/week furnished
Outcome: passed in at $600,000
Agents: Ryan Bridgman & Mitch Agnew

North-east

Takapuna

Shoalhaven, 130 Anzac St, unit B207:
Features: 50m², 2 bedrooms, balcony, secure parking space
Outgoings: rates $1486/year including gst; body corp levy $3573/year
Income assessment: $550-580/week furnished
Outcome: sold for $560,000
Agents: Damian Piggin & Daniel Horrobin

Spencer on Byron, 9-17 Byron Avenue, unit 1810:
Features: 30m² studio, balcony, parking space
Outgoings: rates $1968/year including gst; body corp levy $2568/year
Outcome: sold for $275,000 + gst
Agents: Gillian Gibson & James Mairs

Spencer on Byron, 9-17 Byron Avenue, unit 1606:
Features: 48m², one bedroom, secure parking space, under hotel management
Outgoings: rates $2524/year including gst; body corp levy $3471/year
Outcome: sold for $351,000 + gst
Agents: Gillian Gibson & James Mairs

Attribution: Company release.

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7 apartments sell at Ray White auction

7 of the 9 apartments auctioned at Ray White City Apartments today were sold under the hammer.

CBD

Federal St

Federal, 207 Federal St, unit 704:
Features: 61m² including balcony, fully furnished 2 bedrooms
Outgoings: rates $1430/year including gst; body corp levy $5083/year
Income assessment: $500/week current
Outcome: sold for $525,000
Agent: Victor Liu

Uptown

Q City, 11B City Rd, unit 3A:
Features: leasehold, 59m², one bedroom, leased to Housing NZ until April 2019
Outgoings: rates $1253/year including gst; body corp levy $3296/year, ground rent $6800/year
Income assessment: $18,936/year
Outcome: sold for $92,000
Agents: Ryan Bridgman & Mitch Agnew

Nova en Scotia, 18 Scotia Place, unit GE:
Features: 44m², vacant one bedroom
Outgoings: rates $1316/year including gst; body corp levy $3488/year
Outcome: passed in at $375,000
Agents: Bain Duigan

Victoria Quarter

Grand Chancellor, 1 Hobson St, unit 403:
Features: 57m², one bedroom, 5m² deck, storage, parking space
Outgoings: rates $1582/year including gst; body corp levy $4411/year
Income assessment: $650-700/week furnished
Outcome: sold vacant for $618,000
Agent: Krister Samuel

H47, 47 Hobson St, unit 401:
Features: 61m², one bedroom, secure parking space
Outgoings: rates $1544/year including gst; body corp levy $4704/year
Income assessment: $590-650/week furnished
Outcome: sold vacant for $605,000
Agents: Ryan Bridgman & Mitch Agnew

Heritage Tower, 22 Nelson St, unit 318:
Features: 37m² studio, balcony
Outgoings: rates $1025/year including gst; body corp levy $3361/year
Income assessment: appraisal $450-480/week furnished
Outcome: sold for $295,400
Agents: Ron Yang, Damian Piggin & Daniel Horrobin

Ascent, 149 Nelson St, unit 726:
Features: 53m², 2 bedrooms, secure parking space
Outgoings: rates $1101/year including gst; body corp levy $3562/year; special levy of $10,137 was due from current owner by 20 February
Income assessment: $470/week fixed until January 2018
Outcome: sold for $405,000
Agents: Simon Harrison, Damian Piggin & Daniel Horrobin

Harbour Green, 11 Union St, unit 301:
Features: 47m², fully furnished 2 bedrooms
Outgoings: rates $1240/year including gst; body corp levy $4012/year
Income assessment: $650/week furnished
Outcome: no bid
Agents: Ron Yang & Danial Horrobin

SugarTree, 27 Union St, Prima unit 813:
Features: 53m², one bedroom, 10m² covered deck
Outgoings: rates $1567/year including gst; body corp levy $3311/year
Income assessment: $480/week fixed until August, appraisal $500-530/week
Outcome: sold for $510,000 at auction brought forward
Agents: Ady Huang & Dominic Worthington

Attribution: Auction.

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